Shares of Luminar Applied sciences Inc. LAZR rose almost 3% in noon buying and selling Tuesday after the lidar firm unveiled a slew of initiatives throughout its investor day, together with information it purchased in January Seagate Applied sciences Holdings PLC’s STX lidar-related property, together with mental property, for an undisclosed quantity. Luminar additionally mentioned its plant in Mexico is forward of schedule, now anticipated to come back on-line within the second quarter versus firm steering that it could be up within the second half of the 12 months. The plant will undergo a “rigorous validation course of” later this 12 months, the corporate mentioned. Luminar plans to launch an…
